Mortgage Rates Notch Down For Third Consecutive Week – NMP
Analysis and Data

Mortgage Rates Notch Down For Third Consecutive Week

052925-Aaron G. Marsh
Associate Editor
Dec 12, 2024

Freddie Mac analysis finds 30-year fixed rate mortgage dips to 6.60%.

The national average 30-year-fixed mortgage rate dropped for the third consecutive week, according to Freddie Mac’s latest Primary Mortgage Market Survey (PMMS). The 30-year fixed-rate mortgage averaged 6.60% as of Dec. 12, down from 6.69% the week prior. 

Meanwhile, the 15-year-fixed mortgage rate averaged 5.84%, down from 5.96% a week ago. 

Freddie Mac PMMS Dec. 12, 2024 Chart

 

Homebuyer demand has increased due to a positive combination of continued mortgage rate declines, consumer income growth, and a bullish stock market, noted Sam Khater, Freddie Mac’s chief economist. But he added that challenges persist. 

“While the outlook for the housing market is improving, the improvement is limited given that homebuyers continue to face stiff affordability headwinds,” Khater stated in a release.

mortgage rates
PMMS
Freddie Mac
About the author
052925-Aaron G. Marsh
Associate Editor
Link copied
Published
Dec 12, 2024
Get the NMP Daily
Operations
From Originator To Owner: 7 Rules For Building A Brokerage

NMP Ignite's Build-A-Broker Summit tackled the decisions that determine whether a new brokerage becomes a scalable company or a more demanding job

Getting licensed may open the doors to a mortgage brokerage. It does not guarantee that the business will be profitable, scalable, or capable of operating without its founder.That distinction was at the center of NMP Ignite’s Build-A-Broker Summit, held Sept. 1 and sponsored...

Continue reading
Non-QM
Truss Adds Direct Lending Without Abandoning Wholesale

The Non-QM specialist will underwrite and fund California loans in-house while retaining access to more than 90 wholesale lenders across its broader footprint

Truss Financial Group is adding direct lending capabilities in California, giving the Non-QM specialist greater control over underwriting and funding while preserving the wholesale model on which it built its business.The Ladera Ranch, California-based company said it can no...

Continue reading
Renew your NMLS License — for free.

Enjoy access to a free NMLS renewal class when you attend an in-person event.

Find an event
More from
Analysis and Data
Nearly Half Of Americans Would Consider A 3D-Printed Home

Consumer interest is growing, but concerns about durability, appraisals, code compliance, and resale value could complicate financing

Analysis and Data
Sep 03, 2026
Higher Mortgage Rates End Purchase Market’s Eight-Month Run

Pending listings turned negative in August despite more inventory, lower asking prices, and sellers remaining open to negotiation

Analysis and Data
Sep 03, 2026
Falling Home Prices Aren’t Yet Fixing The Affordability Problem

Price declines are spreading, yet mortgage rates and uneven local conditions continue to limit what buyers can afford

Analysis and Data
Sep 01, 2026
Warsh Sees Housing Strain, Keeps Rate Hikes In Play

Fed chair says broader financial conditions remain loose, inflation is too high, and markets should expect less guidance on what comes next

Industry News
Aug 31, 2026
Visity Aims To Turn Servicers’ ‘Pile Of PDFs’ Into Portfolio Intelligence

The technology is designed to transform field observations into searchable portfolio data for lenders, servicers, and investors

Tech
Aug 31, 2026
More Listings, Fewer Contracts Put Rate Buydowns In Play

Pending sales fell to a six-month low as inventory increased, giving originators more room to use seller concessions to make difficult purchase deals work

Analysis and Data
Aug 28, 2026